SASOL LIMITED

JSE

SOL

- broken a key trend line (blue) - My instincts tell me that a retracement needs to happen - Volume Profile thins out "somewhat" from here down

Sasol fell sharply when news surfaced of further overspending at its Lake Charles facility in Louisiana. But, with oil on the rebound, it might be a good time to buy the stock at these new lows. As you can see from the above chart, there is a big gap between price on 21 May 2019 and 22 May 2019. In technical circles, there is a common saying: The price always...

Sasol once again reaching long term support at 35400 levels and holding. This could be an opportunity if support continues to hold to keep for the longer term. Top of the consolidation range is 48900. If Sasol breaks bottom support, stick to a stop loss.

Slight Resistance for SOL at around R383 to R384. An upward breakthrough may see it going to about R428. WAIT FOR BREAK AND CONFIRMATION BEFORE GOING LONG.

Hourly close above R379 confirms C&H - Target = R405

Hourly close above R372 targets R392... There is still the large gap that could potentially be filled too

So, Sasol’s R357 support held up and between it being oversold (according to it’s 14-day RSI) and have Rand weakness, made a nice little bounce. Will watch that long-term support line at R383.50 as my first target. Should that break, it could see us test the next resistance level of R405.50.

Sasol at a critical level on the weekly. A weekly close below that support levels can take us below R350. However in the short term (and Ultra short term) we can see a bounce.

In one fail swoop, Sasol not only dropping 13% in one day, but also broke a very strong support line at R383.50. Main reason was the Lake Charles Project not only seriously going over budget, but also starting to look like the Never-Ending Story. Debt levels are becoming a serious concern and although the lowish PE multiple, the outlook still doesn’t look good....

Call me crazy, but today's Sasol shocker provides an excellent trading opportunity. Today's "flash crash" has taken the price back down to a monster support level and I really think this is one for the punters. If fortune truly does favor the brave, then I should be just fine. I have bought this support level for a bounce back above R400.00 and I wouldn't be...

finally turning? - Waiting for hourly close above R436

This stock is moving in a downtrend, and the weekly timeframe shows a possible right shoulder forming. A break of the neckline on this weekly timeframe will signal further bearish momentum. On the 1-hour timeframe, price are trickling down as the momentary uptrend has finished and prices are below that ascending trendline, forming a series of lower highs and lower...

Reversing on the hourly - decent RR for a ST trade

SOL has reached the R440 Support - Retraction Confirmation here will indicate (CUP and Handle) handle downtrend STOP -----followed by an uptrend towards resistance to complete handle. Breaking through R440 support level may lead to a fall towards next support of around R385. Just hang in and then decide to go LONG or SHORT

SOL H4 (240 Minute) Timeframe Reasons For Entry : - Trendline Breakout - Bullish Channel Breakout - QML Target Everything Good Yearns Patience And Time Disclaimer: Trading stocks, commodities, futures and forex has a level of risk and may not be suitable for all investors.

Next Support R440 - Possible Entry point if tested.

Sasol has broken down from the strong upward channel that has been in place since February of this year. In addition, it has also failed to make any progress above the 200 day moving average which makes this technical structure look very shaky. There is some strong support between R385-R400 should we get there in the weeks ahead which could potentially be a good...

Because of this double bottom, can we see SASOL rising all the way up??